India keeps world guessing on global trade pact stance
India will firm up its position regarding a landmark global trade pact shortly before a Thursday deadline, a senior official said on Monday, setting up a nail-biting showdown over a deal it says should safeguard a $12 billion anti-poverty food programme. Full Article
Sensex ends higher; Reliance Industries gains on earnings
MUMBAI - The BSE Sensex rose for a fifth consecutive session on Monday as Reliance Industries rallied after its quarterly earnings beat estimates, while merger-related news led to gains in some companies such Kotak Mahindra Bank.
Idea Cellular profit up 57 pct on higher call rates
Mobile phone company Idea Cellular reported a 57 percent jump in quarterly profit on Monday, benefiting from fewer competitors, higher call rates and more customers using data plans. Idea Cellular said consolidated first-quarter profit was 7.28 billion rupees, up from 4.63 billion rupees a year earlier. Full Article
Fighting flares in Ukraine as investigators arrive
Fighting flared in the eastern Ukrainian city of Donetsk on Monday as investigators began to inspect the bodies of victims of the downing of Malaysia Airlines flight MH17 last week. Full Article
Gaza death toll tops 500, Israel kills infiltrators
The Palestinian death toll in an Israeli offensive in the Gaza Strip rose above 500 on Monday as the army said it had killed 10 militants who tunnelled into Israel, while Gazan officials said an Israeli tank shelled a hospital, killing civilians. Full Article | Slideshow
Late monsoon starts farmer's "journey to hell"
With this year's monsoon rains several weeks late, India - the world's second-largest sugar and rice producer - is on the verge of widespread drought in the face of a developing Pacific Ocean weather event known as El Nino, which is often associated with drought in South Asia. Article | Thailand to reclaim top rice exporter spot
Top designer Christophe Lemaire quits Hermes
Top designer Christophe Lemaire is leaving Hermes in the fall to focus on developing his eponymous fashion label, the French luxury group said on Monday. Lemaire took over from Jean-Paul Gaultier as the brand's artistic director of womenswear in 2010, and his collections were increasingly gaining praise from fashion critics and enjoying growing demand from buyers. Full Article
Latest Headlines
India vs England
Ishant Sharma bowls India to victory as England crumble at Lord's
Ishant Sharma claimed seven wickets to bowl India to a 95-run victory over England in the second test at Lord's on Monday, their first overseas win since 2011. India's second victory at the home of cricket and first since 1986 continued England's miserable year after series defeats by Australia and Sri Lanka. Full Article
Dear Mr. Murdoch: Save yourself 80 billion bucks
Getting bigger for bigness’s sake makes sense for a sumo wrestler. But does that apply to a media conglomerate? There’s a panic element to the Murdoch offer, too. At the age of 83, how many more deals can he possibly consummate? Of course, that’s what they all said when Murdoch was 73, and had not yet bought the Wall Street Journal for $5 billion. But 83 is not the new 73. Full Article
What MH17 means for Russia-Ukraine
In the wake of the taking down a Malaysian jet over Eastern Ukraine, everyone is pointing fingers. Kiev blames the pro-Russian “terrorists,” the separatists accuse Kiev of planning the attack, while Moscow blames the Ukrainian govt for pushing the rebels into this violent situation. Despite the confusion, it’s clear what MH17 means: dramatic escalation and an even more combustible conflict. Opinion
FLAWED F-35 AIRCRAFT
Pentagon’s big budget F-35 fighter ‘can’t turn, can’t climb, can’t run’
The U.S. military has grounded all its new F-35 Joint Strike Fighters following an incident on June 23, when one of the high-tech warplanes caught fire. The no-fly order — which affects at least 50 F-35s at training and test bases in Florida, Arizona, California and Maryland — began on the evening of July 3 and continued through July 11. Commentary
POTTER MANIA
Harry’s still Potter-ing around, but Hermione is my true hero
If I could have asked J.K. Rowling one question about Hermione Granger, it wouldn’t have been whether or not she ended up with the right man. It would have been whether or not she made good on her professional ambition in the final book: "I’m hoping to do some good in the world." Commentary
China has more people going online with a mobile device than a PC
The number of China's internet users going online with a mobile device - such as a smartphone or tablet - has overtaken those doing so with a personal computer for the first time, said the official China Internet Network Information Center on Monday. Full Article
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